HOME LOAN

HOME LOAN

Pre Promotion Training 2021

Multiple Choice

As per scheme guidelines, what is the maximum limit of Home Loan in our Bank? Clue – (Mumbai – `10 Cr, Other Metros – `5 Cr, Urban – `3 Cr, Semi urban/Rural – `1 Cr)

• `1 Cr
• `3 Cr
• `5 Cr
• `8 Cr
• `10 Cr

Multiple Choice

What is the minimum Gross Annual Income required per annum for an NRI to be eligible for applying Baroda Home Loan?

• `2 lacs
• `3 lacs
• `4 lacs
• `5 lacs
• no such stipulation

Multiple Choice

The applicant/co-applicant (whose income is considered for Home Loan eligibility) who is NRI/PIO/OCA having job contract/work permit/employed/self-employed and staying abroad for the minimum past ______

• 6 months
• 1 year
• 2years
• 3 years
• no such period

Multiple Choice

The applicant/co-applicant (whose income is considered for Home Loan eligibility) who is non-salaried should be engaged in the business for a minimum period of ______

• 6 months
• 1 year
• 2years
• 3 years
• no such period

Multiple Choice

The salaried applicant/co-applicant (whose income is considered for Home Loan eligibility) should be employed for a minimum period of ______

• 6 months
• 1 year
• 2years
• 3 years
• no such period

Multiple Choice

What is the margin in case of reimbursement of expenses incurred for houses / flats constructed / purchased recently from own sources to good clients selectively.

• 10

• 20

• 25

• 30

Multiple Choice

What should risk ratings under Home Loan Rating model for reimbursement of expenses for home loan.

• HL 3 & above

• HL1 & HL2 ONLY

• HL4 & ABOVE

• HL8 & above

Multiple Choice

If Gross monthly income of a salaried person is `4.00 lacs, total allowable deductions including proposed EMI of Home Loan should not exceed ______

• 50%
• 60%
• 65%
• 70%
• 75%

Multiple Choice

If Gross Annual Income of an agriculturist/professional/self employed/NRI is `5.60 lacs, what percentage of deductions can be allowed including proposed EMI?

• 50%
• 60%
• 70%
• 80%
• none of these, depends on CIBIL Rating

Multiple Choice

What should be the Max age of property for providing Housing Loan

• 20

• 25

• 30

• 35

Multiple Choice

What is the minimum no of EMI's to be paid to be eligible for takeover of H/L without income documents.

• 6

• 12

• 18

• 24

Multiple Choice

No EMI in Last 12 month shoul exceed _______ days past due

• 15

• 30

• 60

• 90

Multiple Choice

What is the cutoff CIBIL score for Housing Loan

• 725

• 701

• 760

• 650

Multiple Choice

In respect of borrowers, whose loan accounts were closed Under compromise settlement involving write off, lending can be considered if CIBIL score is _________

• 701 & above

• 725 & above

• 760 & above

• 650 & above

Multiple Choice

What is the Home Loan limit for drawing Credit Information Reports from two Credit information companies (CIBIL & Equifax)?

• Limit above `10 lacs
• Limit above `20 lacs
• Limit above `25 lacs
• Limit above `30 lacs e. none of these

Multiple Choice

what is the rate of interest payable on the SB account linked to home loan

• 0

• 1

• 2

• 3

Multiple Choice

If loan amount is more than 75 Lakh What will be the ROI Under home loan advantage scheme.

• ROI as applicable to regular Home Loan

• 0.25% over the ROI as applicable to regular Home Loan

• 0.35% over the ROI as applicable to regular Home Loan

• 0.50% over the ROI as applicable to regular Home Loan

Multiple Choice

What is the ROI applicable in case of CRE Home Loan.

• 0.25% over the ROI as applicable to regular Home Loan

• ROI as applicable to regular Home Loan

• 0.50% over the ROI as applicable to regular Home Loan

• 1.00% over the ROI as applicable to regular Home Loan

Multiple Choice

What is the validity of in-principle’ approval

• 3 Months

• 4 Months

• 6 Months

• 12 Months

Multiple Choice

What is the Maximum Loan Amount we can give in Baroda Home improvement loan

• 25 Lakh

• 50 Lakh

• 1 Cr

• 2 Cr

Multiple Choice

What is the margin for Home improvement loan

• 10%

• 20%

• 25%

• 30%

Multiple Choice

What is the maximum loan amount which can be given in Baroda Top Up loan

• 50 lakh

• 1 Cr

• 2 Cr

• 5 Cr

Multiple Choice

What is the minimum Loan amount that can be given in Baroda Top up Loan

• 1 Lakh

• 2 Lakh

• 3 Lakh

• 5 Lakh

Multiple Choice

What is the margin for Category A loan under BHSPL

• NIl

• 5 %

• 10%

• 20%

Multiple Choice

What is the margin for Category B loan under BHSPL

• Nil

• 5%

• 20%

• 25%

Multiple Choice

LTV Ratio ( HL+BHSPL) in case of loan above 75 Lakh

• 75%

• 80%

• 85%

• 88%

Multiple Choice

What should the Annual Income of House Hold for LIG category

• Upto 3 Lakh

• 3 to 6 lakh

• 6 to 12 Lakh

• 12 to 18 Lakh

Multiple Choice

What is the Tenure of Interest Subsidy under PMAY for MIG 1

• 10 Years

• 15 Years

• 20 Years

• 30 Years

Multiple Choice

What should be the age of applicant for Pre-Approved Credit Limit (Home Loan) for our Liability customer

• 21-60 years

• 25 to 50 years

• 25 to 60 years

• 21-50 years

Multiple Choice

What is the maximum limit of home loan that can be given under Pre-Approved Credit Limit (Home Loan) for our Liability customer

• 50 Lakh

• 1 CR

• 3 Cr

• 5 Cr

Multiple Choice

What is the Maximum age of the applicant for Pre-Approved Top-Up Loan Facility for our Exiting Baroda Home Loan Borrowers

• 50 Years

• 60 Years

• 65 Years

• 70 years

Multiple Choice

What is the maximum amount of loan that can be given under Pre-Approved Top-Up Loan Facility for our Exiting Baroda Home Loan Borrowers

• 50 Lakh

• 1 Cr

• 2 Cr

• 5 Cr

Multiple Choice

What is the Maximum limit under GOLDEN JUBILEE RURAL HOUSING FINANCE SCHEME (GJRHF)

• 50 lakh

• 1 Cr

• 2 Cr

• 5 Cr